Starting our series where we ask the questions you need answered from the people who know, we’ve been speaking to an English estate agent working in Mallorca.

Later in the series, we’ll speak to a solicitor and currency expert, but in this edition, Jack Arkell – a Pollenca-based estate agent – has been answering our questions on buying property in Spain.

What’s the first thing I should do?

“People should get their finances in order and work out what they can afford. I’d advise touching base with a few agents who can explain the process. It’s always good hearing the same information from two or three different people, so you know it’s accurate.”

What will the extra costs come to?

“Understanding the extra costs involved in the purchase is important – on average you will pay 9-10% on top of the purchase price, for notary fees, lawyers’ fees, surveyors’ fees, that kind of thing. These extra fees come as a surprise to a lot of people – especially the fact that the notary will charge you a percentage of the price of the property just to sign a bit of paper for you.

“You’re initially looking at a 10% deposit to sign a private agreement with the owner of the house. In that private agreement will be the date for completion and, depending on the circumstances of the people involved, that can be two weeks’ time or it can be six months’ time. It can be a very quick process if you want it to be. That 10% should be held in a lawyer’s account so that no-one can get at the money until later along the line.”

How easy is it to get through the process?

“It’s not complicated but it’s an alien process and so it needs to be explained well. That’s why I’d always advise finding an agent you can trust to guide you through that process, someone you can build a good rapport with, and someone that speaks your language.

“I would always recommend visiting out of season. To be here [Pollenca] in July and August is a completely different thing to being here in January and February. All times of year have their pros and cons, but just be aware what you’re letting yourself into. Basically, it’s research – you just have to do your research and make sure you’re happy with what you’re buying.

“You need to be aware of what you can afford, be aware of extra costs on top of the purchase price. Following purchase, if you’re planning to leave the place locked up for six months of the year, it’s all about having someone who can look after your house while you’re away.”

Jack Arkell works for Prime Mallorca Properties in Pollenca.

If you’re thinking about moving to Spain, we reckon our guide will help you on your way. We’ve spoken to experts, and people that have actually been there and done it. Download it here – Moving to Spain